Basses Hold Disney Short

December 27, 1985

An investment group led by members of Texas` Bass family said it holds a short position of 376,234 shares, or about 1 percent, of Walt Disney Productions common stock. The group, which is Disney`s largest shareholder, said it plans to deliver shares it already holds to cover the short position in January. The Bass group said it sold 20,737 Disney shares earlier this month, reducing its Disney stake to 7.6 million shares, or 23.3 percent of Disney stock outstanding.